41 Articles
Toyota Announces Bold Move For Lexus Sedan

Factory in Georgetown, Kentucky will add a line to produce the car

For the first time, Lexus, one of America's most popular luxury car brands, will build cars in the United States.

Chrysler Records Big Profit, Expands Future Plans

Marchionne: 'There can be no more doubt our comeback is real'

Just three years out of bankruptcy, Chrysler posted a $1.7 billion profit in 2012 and said it expects to earn more than $2 billion this year.

General Motors Will Invest $600 Million In Kansas City Factory

Investment preserves 4,000 jobs in region, but doesn't add new ones

How far has General Motors come since the federal government rescued it from bankruptcy four short years ago?

Toyota Beats General Motors In Fight For Global Sales Crown

Title cements company's comeback after Japan's crisis

Now it's official: Toyota is once again the world's top automaker. Toyota Motor Corp. released its tally for global vehicle sales for last year Monday at a record 9.748 million vehicles - a bigger number than the estimate it gave last month of about 9.7 million vehicles.

Can A Chinese Automaker Succeed In The United States?

Guangzhou Automobile Group is latest Chinese company with U.S. ambitions

China ranks as the largest producer of automobiles in the world. The United States has long been one of the world's most welcoming markets. This would seemingly be an ideal match.

Strong Auto Sales In October: Demand For Pickups And Small Cars Continues

Consumers replacing their rides at a healthy clip

DETROIT (Reuters) - Superstorm Sandy's fury caused U.S. auto sales to fall short of expectations in October, but industry executives still see a strong fourth quarter as the housing market improves.

How Hurricane Sandy's Aftermath Will Affect The Auto Industry

New-car sales may dip in short term, but storm victims could add to year's strong sales numbers

The effects of Hurricane Sandy are expected to ripple across the auto industry. In the short term, the superstorm is expected to hurt October sales figures, as dealerships across the Eastern Seaboard missed several days of sales. But in the months ahead, analysts expect the storm to boost an already-burgeoning industry as Sandy's victims replace damaged vehicles.

Here's A Look At The Most Popular Car Colors In 2012

One shade leads for 2nd straight year, but it's dominance may be fading

White remains the most popular color choice for car shoppers across the globe for the second straight year, according to an annual survey released Wednesday. But its stay at the top may be ending soon.

Strengthening Auto Industry Sales Point To U.S. Economic Recovery

Latest sales figures show across-the-board improvement for carmakers

From fuel-efficient subcompact cars to full-size pickup trucks, the auto industry reported across-the-board sales increases Tuesday during the month of August.

July Auto Sales: Why Consumers Are Hanging Back

Chrysler continues to impress, Toyota surges.

Consumers, especially those favoring Ford and General Motors vehicles, pulled back in July as an increasing amount of bad news about the economy, some driven by overblown election year politics, dampened enthusiasm for spending on big-ticket cars and trucks.

REPORT: Automotive advertising plummets 30.8%

Automobile manufacturers and dealers spent $7.5 billion on advertising during the first six months of 2009, says TNS Media Intelligence. The company that keeps track of nearly every form of advertising for all industries is reporting that the figure represents a 30.8% drop compared to the same period last year, when it was $10.8 billion in spending. Not surprisingly, the plummet nearly mirrors the decline in motor vehicle sales (which dropped 27.4% during the exact same period).

Nine Out of 10 Nigerian Princes Agree: Auto industry spammed more than any other

Want to know a fun fact that can probably win you a free round at the bar? P.T. Barnum didn't say, "There's a sucker born every minute" – a man named David Hannum did. But before that, we can talk about George Hull. After an argument with a minister about a passage in the book of Genesis that claims giants once walked the earth, Hull – an atheist – decided to construct a ten-foot fake giant and bury it on his cousin's property. A year later, he hired men to dig a well on said p

Border Drive? Umm... No. Mexico car production reportedly down nearly 40%

Mexico hasn't accounted for nearly as much ink as the U.S. and Canada in recent discussions of the auto industry. But in case anyone was wondering, they're in a big hurt south of the border as well. While the American market's decline in auto sales factors in at about 25% overall, the Latin American Herald Tribune reports that Mexico has seen a 30.6% drop in sales volume.

REPORT: Analysts chide GM for boosting production [*UPDATED]

General Motors has announced its planned production for next year: 2.8 million vehicles. That's a 45% increase over its production this year – 1.9 million cars and trucks – and according to some analysts, it's completely unwarranted. GM says it arrived at that number based on "real simple math." Analysts quoted in the Detroit Free Press today appear believe that GM was guided more by hope and a quest for market share.

Mint.com flowcharts the state of the auto industry

We all know the state of the auto industry right now, especially with regard to the Detroit three. We'd say it's somewhere between normal and completely screwed. Sales volume has been mostly woeful, two of the Detroit automakers needed a taxpayer bailout to survive, and Chrysler has been passed around like a hot potato. Ford has more debt than Miami Beach has sand, yet the Blue Oval is considered the healthiest patient in the ICU. Beyond the cash infusion, the migration away from SUVs, and the d

AP: Chrysler definitely filing for bankruptcy after debt talks "crumbled overnight"

Building on speculation that first leaked yesterday is word this morning that a pair of Obama administration officials have told The Associated Press that Chrysler will indeed file for bankruptcy. The decision was apparently reached after debtor negotiations with hedge funds "crumbled overnight."

GM and AIG: Why bondholders might want bankruptcy

Before we begin, let us state clearly that this is speculation by Karl Denninger at The Market Ticker. Examining the various stakeholders' interests in General Motors, Denninger has come up with a scenario that supposes GM's bondholders might actually want the automaker to file for bankruptcy.

Putin Power: Even Russian automakers to get a bailout?

Lada C Concept - Click above for a high-res gallery

Mulally on Ford: "We are competitive now."

If we were cynics, we could say that Ford just happened to get stuck in deep doo-doo when America's credit markets were still reasonably flexible. When Ford leveraged all of its assets, right down to its logo, the most difficult part was probably not getting the money, it was probably swallowing its Blue Oval pride. Yet cynics or not, a CEO has to know what to do with said money, and Alan Mulally feels he and his company have done well enough to proclaim "We are competitive now" in a new intervi

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